Wouldn’t it be awesome if we could instantly tell you the single best company that has the best auto insurance prices for 19 year olds? Unfortunately, it’s not that simple as there are a whole slew of unknown elements such as the amount of liability coverage you want, whether or not you own a home, and any tickets or violations, that all impact the cost of your policy. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to maintain low rates and will hopefully give you a good start in finding the cheapest insurance in North Carolina.
Trying to buy low-cost car insurance is not easy, and figuring out which companies quote the best auto insurance rates for 19 year olds will involve even more shopping around. Each auto insurer has their own unique process to set policy rates, so let’s begin by taking a look at the most budget-friendly auto insurance companies in North Carolina.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Utica National | $636 |
| 2 | Progressive | $639 |
| 3 | NC Farm Bureau | $716 |
| 4 | Liberty Mutual | $721 |
| 5 | Penn National | $725 |
| 6 | GEICO | $750 |
| 7 | Titan | $759 |
| 8 | State Farm | $772 |
| 9 | Auto-Owners | $870 |
| 10 | Allied | $901 |
| 11 | Erie | $904 |
| 12 | National General | $917 |
| 13 | Travelers | $936 |
| 14 | Peerless | $972 |
| 15 | MetLife | $1,007 |
| 16 | Unitrin | $1,012 |
| 17 | Nationwide | $1,031 |
| 18 | Encompass | $1,063 |
| 19 | Safeco | $1,076 |
| 20 | Allstate | $1,086 |
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Utica National has some of the cheapest car insurance rates in Durham at around $636 per year. Progressive, NC Farm Bureau, Liberty Mutual, and Penn National would also be considered some of the more affordable Durham, NC insurance companies.
In the above rates, if you buy coverage from NC Farm Bureau and switched to Utica National, you might achieve yearly savings of around $80. Drivers with Liberty Mutual may save as much as $85 a year, and Penn National policyholders might lower prices by $89 a year.
Bear in mind that those rates are averaged for all types of insureds and vehicles and and are not figured with a specific zip code for 19 year olds. So the car insurance company that can offer you the best rate may not even be in the top 20 companies in the list above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver information and vehicle.
For teenage drivers, one of the more important components that are looked at to determine the amount you pay for auto insurance is where you keep your car. Cities with larger populations or higher claim trends tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.
The information below sorts the most costly cities in North Carolina for 19 year olds to purchase a policy in. Durham ranks #6 with an annual cost of $773 for the average insurance policy, which is about $64 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Fayetteville | $896 |
| 2 | Jacksonville | $864 |
| 3 | Charlotte | $808 |
| 4 | Gastonia | $803 |
| 5 | Wilmington | $781 |
| 6 | Durham | $773 |
| 7 | Cary | $772 |
| 8 | Goldsboro | $765 |
| 9 | Huntersville | $764 |
| 10 | Greensboro | $763 |
| 11 | Rocky Mount | $748 |
| 12 | High Point | $745 |
| 13 | Indian Trail | $745 |
| 14 | Raleigh | $737 |
| 15 | Hickory | $732 |
| 16 | Greenville | $730 |
| 17 | Wilson | $724 |
| 18 | Apex | $717 |
| 19 | Winston Salem | $716 |
| 20 | Chapel Hill | $703 |
| 21 | Salisbury | $691 |
| 22 | Burlington | $678 |
| 23 | Kannapolis | $669 |
| 24 | Concord | $669 |
| 25 | Asheville | $661 |
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Rate information is approximated as specific Durham zip code can change premiums considerably.
Impact of careless driving on Durham auto insurance rates
A great way to earn the best auto insurance prices in North Carolina for teenage drivers is to drive safe and avoid accidents and traffic violations. The information below demonstrates how speeding tickets and at-fault claims impact insurance prices for different categories of driver ages. The data is based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of auto insurance per year with no accidents and a clean driving record is $1,181. Get written up for one speeding ticket and the average cost surges to $1,331, an increase of $150 each year. Now add in one accident along with the one speeding ticket and the annual cost of auto insurance for 19 year olds jumps again to an average of $1,745. That’s an increase of $564, or $47 per month, just for not driving safely!
Choosing a highly-rated insurer can be difficult considering how many companies there are to choose from in North Carolina. The company ratings in the lists below could help you select which auto insurers you want to consider comparing prices from. The ratings below are only comprised of large insurance companies, so companies without a large exposure are not factored into this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
The diagram below shows how choosing a deductible can raise or lower insurance costs when trying to find cheap insurance for 19 year olds. The information is based on a married female driver, full coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could cut expenses by $196 a year by changing from a $100 deductible up to a $500 deductible, or save $298 by choosing a $1,000 deductible. Even younger insureds, such as the 20-year-old example, can cut as much as $422 or more by choosing a larger deductible amount. When raising deductibles, it is a good idea to have plenty of money set aside to satisfy the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.